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Highlights:
Orosur Mining has completed the acquisition of Minera Monte Aguila SAS (MMA), regaining 100% ownership of the Anzá Project in Colombia.
The company has resumed exploration activities at the Anzá Project, including a drill program at the Pepas prospect.
Initial drilling results from previous programs at Pepas showed promising high-grade gold mineralization, with follow-up drilling now underway.
Orosur Mining Inc. (LSE:OMI) has announced significant developments regarding its Anzá Project in Colombia. The company has completed the acquisition of Minera Monte Aguila SAS (MMA), which results in Orosur regaining 100% ownership of the project. This acquisition follows a binding Share Purchase Agreement (SPA) signed in September 2024 and will allow Orosur to assume full control over the project area, which spans approximately 175km². In addition, new applications held by MMA will significantly expand the project size following the completion of the acquisition process.
Exploration activities at the Anzá Project have already resumed, with Orosur regaining control of the project site and reoccupying the main camp at APTA. The company’s staff will be based there, where all drill core from previous programs will be logged, cut, and sampled for analysis. A key focus of the ongoing exploration is a drilling program at the Pepas prospect, located in the northern part of the project area. This drilling initiative is expected to provide further insight into the gold mineralization previously intersected in earlier drilling programs by Orosur’s former joint venture partner in 2022.
The new drill program at Pepas will consist of six to seven holes, targeting approximately 800 meters. The main objective of this program is to understand the orientation and structural controls of high-grade gold mineralization encountered in the previous drill holes. Notably, drill hole PEP-001, completed in June 2022, returned promising results, including a significant intersection of high-grade gold mineralization. Follow-up drilling in 2022 from the same location confirmed the presence of gold mineralization, though further investigation is needed to fully characterize the mineralization system at Pepas.
Orosur continues to advance its exploration efforts as it works toward better understanding the potential of the Anzá Project.
